This week, PEMEX showed some positive signs. While production is still lower than it was in the beginning of 2017, the NOC managed to put a break on its fall in production, even showing a predicted increase towards the end of the year. Meanwhile, tensions internationally continue to cause unrest in the market, whereas it […]

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This weekend, a swarm of drones launched by a yet-to-be-confirmed perpetrator hit one of Saudi Arabia’s most important oil infrastructures. While it is difficult for rockets to pass their state-of-the-art missile defense system, the strikes managed to do massive damage due to drones flying low, and unexpectedly coming from the west. As a result, relations […]

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It has been a week defined by motion for PEMEX. Investors fear the NOC’s plans to turn around its fate will not be enough even as the government contributes US$5 billion in capital and the king of the Mexican oil companies launched a tender offer to prepay a chunk of their US$14,7 billion in […]

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The global energy demand is growing exponentially and there seems to be no stopping it. In 2018, this demand rose at its highest rate in the last decade, increasing 2.3 percent year-on-year. Global use of crude oil, which in 2018 averaged 99.2 MMb/d, should hit 100.6MMb/d by the end of 2019. Yet the energy […]

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